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How Facebook’s IPO was Bungled by Nasdaq’s Computers

May 30, 2013 FROM NEXTGOV arrow At last, electronic exchange Nasdaq has agreed to cough up $10 million dollars to settle SEC charges related to the bungling of Facebook’s May 2012 IPO. It was an ugly start to Facebook’s career as a public company, and the aftermath hasn’t been much better: Facebook has destroyed more than ...

Google Still Hasn’t Found a Way to Master Mobile

April 18, 2013 FROM NEXTGOV arrow The numbers: Good. The search giant reported net income for the first quarter of $3.35 billion, up 16% from the prior year. Sales, excluding the costs of payments to partner sites for traffic, amounted to $11.01 billion, up about 35% from the same period last year but a bit shy ...

Fitch to U.S.: Debt Ceiling Shenanigans Will Hurt Your Credit Rating

March 1, 2013 This is about as transparent as the credit rating firms get: “The debt ceiling limit which comes back into force on May 19, certainly if that wasn’t addressed in a timely fashion, we don’t think another debt ceiling crisis like we had in August 2011 would be consistent with the ...